8. true false.
the command system is the best economic system for entrepreneurs.
9. true
false people play the central role in an economy.
10. true false
consumers buy more of a product when its price is low.
11. true false
the supply and demand curve is a tool used by entrepreneurs,
12. true false suppliers often charge higher prices when demand is low.
13. true false.
the profit motive encourages entrepreneurs to start businesses.
14. true false
earning a profit is the only reason that people start businesses.
15. true false
non-profit organizations are not allowed to make a profit.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.